2min chapter

Coin Stories with Natalie Brunell cover image

Luke Gromen & Preston Pysh: Macro + Bitcoin Outlook for 2023 - "Mild Recession Not an Option"

Coin Stories with Natalie Brunell

CHAPTER

Pay Gold to Energy Upsize Gold One Time

Gold makes sense right like if i'm a net producer of oil or natural gas i will accept gold but you better don't well believe i'm not accepting paper gold. You'll find real fast that if they if they are accepting gold that there's going to be a lag or some type of adjudication of of melting down the gold. Those are the vulnerabilities those are the setbacks that you have with gold. Maybe for them it makes sense to accept 10 or 20 in bitcoin especially for how asymmetric their return would be and the rest in gold which would then offset that the frequency of turn that they have for gold.

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